Explanation of Financial Terms

Asking Price
The total asking price of the business for sale.

Gross Revenue
All income the business received before any cost-of-sales or expenses have been deducted.

Cash Flow
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.

Inventory
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.

FF&E
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.

Real Estate
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.

Business Description

Founded in 2002, this well-established Electrical Contractor provides fully licensed and bonded electrical contracting and subcontracting services ranging from small residential repairs to large commercial project installations.

- Turn-key, highly profitable operation, skilled employees, well maintained
equipment.
- Work Backlog at $544,500,
- Sales tracking to exceed $1,400,000 for 2018 with Earnings at $472,128 in 2018
- Long term client base and established relationships with local government and
businesses
- Deep expertise, stellar reputation

About the Business

The Electricians industry, one of the largest subcontracting industries in the United States and has been increasing due to an acceleration in downstream construction markets. In King County 2018 growth looks higher to achieve second longest expansion on record with new construction continuing to grow. 2019 and 2020 also loom to continue growth.

Growth & Expansion:

The business is in growth mode in 2018 with a backlog as of May of $544,500, the company is easily tracking to exceed $1,400,000 in sales on a $472,000 adjusted earnings for 2018. The Sellers see even more growth opportunities in the Residential market.

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Electrical Contractor, Turn-Key, Highly Profitable

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